Online brokers compared for fees, trading platforms, safety and more. See how Freetrade stacks up against XM!
Last update of data—Jan 2023
Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Freetrade
Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Freetrade's service is on par with XM's and a comparison of their fees shows that Freetrade's fees are similar to XM's.
Account opening takes about the same effort at Freetrade compared to XM, deposit and withdrawal processes are somewhat more complicated at Freetrade, while customer service quality is similar to XM's.
Our experts rated the trading platform of Freetrade as being of the same quality as the platform of XM, found that clients have access to slightly more markets and products with Freetrade, while XM provides excellent research and education.
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